Conning: ‘Right States’ Approach Works for P/C Insurers

June 21, 2005

  • June 21, 2005 at 4:03 am
    Roger Poe says:
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    Having experienced major insurers’ ability to consistently understate damage scope, reconstruction scope and reconstruction costs, to typical (hail-wind storm) damaged properties, Texas must be a favorite profit center for some insurers.

    The passive nature of the people in the Rio Grande Valley area also allows for massive underscoping – underpayment conduct to continue. They even continue to support insurers-agents-adjusters that take advantage of them because “they cost less”.

    To those kind of agents-insurers-adjusters, remember, the public will not be fooled forever.

    rogerpoe@acnet.net

  • June 21, 2005 at 6:33 am
    Mark says:
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    Sounds like comments of a State Farm agent that keeps losing customers because their rates are so astronomical.

  • June 22, 2005 at 4:47 am
    Roger Poe says:
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    6-22-2005

    No Mark, actually I lived and worked there and saw many homeowners taken advantage of by unscrupulous major insurers, and their adjusters.

    They make the good insurers and adjusters look bad, and don’t seem to care that their very claim estimates verify their market conduct – business practices, or how those same “estimates” show how they achived their loss and expence ratios, and increased profit margins.

    (Which is clearly provable by their claim handling – construction software manipulation practices…)

    Too bad.

    Put profits before people and bad stuff happens.

    Roger Poe
    therdp5@yahoo.com
    insuranceclaimsandsettlements@hotmail.com



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